12.3.37 MT (748/750) - Advice of Discrepancy

The Advice of Discrepancy is sent to the corporate (applicant) by its bank (Issuing Bank) and comprises up to two MT 798 messages.

They are used to advise (either with or without a copy of the MT 750 message) the corporate that documents which have been presented are not in accordance with the terms and conditions of the credit and at the bank's discretion, to request whether the reported discrepancies should be waived or not. This message is generated in the BOOK Event.